UGI (NYSE:UGI) Sets New 52-Week High - Here's What Happened

UGI Corporation (NYSE:UGI - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $36.74 and last traded at $36.58, with a volume of 177830 shares traded. The stock had previously closed at $36.40.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Mizuho upped their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.

UGI Price Performance

The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 2.24 and a beta of 1.06. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The stock's 50-day moving average price is $34.80 and its 200 day moving average price is $32.27.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. UGI's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.97 earnings per share. Equities research analysts expect that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Monday, June 16th. UGI's payout ratio is 61.73%.

Institutional Investors Weigh In On UGI

Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC increased its stake in UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after purchasing an additional 491 shares during the period. New York State Common Retirement Fund increased its stake in UGI by 1.4% during the 4th quarter. New York State Common Retirement Fund now owns 105,324 shares of the utilities provider's stock worth $2,973,000 after buying an additional 1,478 shares during the period. Ieq Capital LLC lifted its holdings in UGI by 298.8% during the 4th quarter. Ieq Capital LLC now owns 33,938 shares of the utilities provider's stock worth $958,000 after buying an additional 25,428 shares in the last quarter. Wealthspire Advisors LLC boosted its position in UGI by 4.5% in the 4th quarter. Wealthspire Advisors LLC now owns 17,251 shares of the utilities provider's stock valued at $487,000 after buying an additional 736 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in shares of UGI by 628.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,968 shares of the utilities provider's stock worth $56,000 after acquiring an additional 1,698 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.